The transaction is subject to customary closing conditions and necessary shareholder and Board approvals and is expected to close during the third quarter in 2026.
The acquisition strengthens Everflow's long-term strategy of building a portfolio of differentiated brands and product solutions by adding QuickFitting's connection technologies, including SurePress technology, Push-to-Connect solutions, and an extensive portfolio of patented products.
U.S. shipments of residential gas storage water heaters for April 2026 decreased -1.6 percent, to 361,801 units, compared to 367,604 units shipped in April 2025.
The latest numbers show that water heater shipments continued to soften in April, reflecting many of the same economic pressures affecting residential construction and remodeling activity.
Barton James has concluded his service as Chief Executive Officer, and the Board has named Martin Hoover, 2024-2025 ACCA Chair of the Board of Directors, as Interim CEO.
Support Greater Cleveland Habitat for Humanity by donating demo models, surplus inventory, tools and building materials throughout the month of August.
This acquisition marks the second U.S.-based company to join the Safe Monitoring Group (SMG) portfolio and the sixteenth company overall added to the Group.
Thinking about acquiring another plumbing company? Growth can be appealing, but an acquisition may create more challenges than opportunities, especially if you plan to sell your business in the near future. Learn why debt, integration hurdles, operational risks and buyer perceptions can impact your company’s value, and what business owners should consider before making a move.